Playboy Shares Surge to 52-Week High on Stock Conversion

Dow Jones

Feb 01, 2025

By Dean Seal

Shares of PLBY Group rose to their highest level in more than a year after the company converted a quarter of its preferred shares to common stock.

The stock jumped 47% to a high of $2.44 in early trading. Shares haven't traded this high since February 2023 and hit a low of 44 cents in November of that year.

The producer of Playboy magazine said before the opening bell that it has converted 25% of its preferred stock into shares of common stock at a price of $1.85 apiece.

That marks a 23% premium to the price it struck in a stock sale with Byborg Enterprises in December.

The company didn't receive any proceeds in connection with the conversion.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

January 31, 2025 11:27 ET (16:27 GMT)

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Shares haven't traded this high since February 2023 and hit a low of 44 cents in November of that year. \n</p>\n<p>\n  The producer of Playboy magazine said before the opening bell that it has converted 25% of its preferred stock into shares of common stock at a price of $1.85 apiece. \n</p>\n<p>\n  That marks a 23% premium to the price it struck in a stock sale with Byborg Enterprises in December. \n</p>\n<p>\n  The company didn't receive any proceeds in connection with the conversion. \n</p>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 31, 2025 11:27 ET (16:27 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4202","symbol_name":"服装、服饰与奢侈品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2508678459","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508678459","pubTimestamp":1738340820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of PLBY Group rose to their highest level in more than a year after the company converted a quarter of its preferred shares to common stock.The stock jumped 47% to a high of $2.44 in early trading. 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Shares haven't traded this high since February 2023 and hit a low of 44 cents in November of that year. \n\n\n  The producer of Playboy magazine said before the opening bell that it has converted 25% of its preferred stock into shares of common stock at a price of $1.85 apiece. \n\n\n  That marks a 23% premium to the price it struck in a stock sale with Byborg Enterprises in December. \n\n\n  The company didn't receive any proceeds in connection with the conversion. \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 31, 2025 11:27 ET (16:27 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}